Following an agreement with Sports Gaming UK’s Scoring11 brand, Scout Gaming listed B2B fantasy sports provider ‘Scout Gaming’ has signed its third deal in India.
Scout Gaming will offer its full fantasy sports product range to Scoring 11 which is scheduled to be launched this year and will be operational alongside Sports Gaming UK’s affiliate site Indiabet.com.
“This is the third customer agreement we sign where the counter-party is expected to have a significant presence in the Indian market that is growing strongly,” said Scout Gaming CEO Andreas Ternström. “Cricket is a huge sport locally and I am excited about continuing to grow the liquidity network we have established. Further on this means larger prize pools and a more attractive product.
Indiabet.com CEO Harshit Mehta commented: “We see how fantasy sports has a strong growth in the country. With players like Dream11 who are extremely popular at the forefront, we have explored the possibilities of expanding our value chain to operator business focusing exclusively on fantasy sports.
“After that scan of the market, Scout Gaming came across as the most competitive player, having established a global liquidity network with access to both popular local sports such as Cricket and Kabaddi, but also international leagues such as Premier League are something we believe will be winning in the long run.”
Shares in Scout Gaming Group AB (STO:SCOUT) were trading down 3.46 per cent at SEK25.10 per share in Stockholm Monday morning, just above their 52-week low of SEK24.90 per share set on February 20th.